Asian markets again ended mixed, on Friday. Japan's Nikkei 225 index fell 0.2%; and South Korea's Kospi lost 1.3%; But Hong Kong's Hang Seng index rose 0.1%; China's Shanghai Composite index added 0.5%; and Singapore's Straits Times index gained 1.9%. But the European markets surged, on Friday, with key benchmark indices in the UK, France and Germany up by between 1.7% and 2.9% in intra-day trade, on Friday. Meanwhile, economic data from France showed that the country's GDP came in flat during the second quarter, missing expectations for a 0.3% rise. And European regulators will ban short-selling in four countries' financial stocks from Friday, in a coordinated attempt to restore confidence in a panicky market hit by rumors and higher borrowing costs. In a statement, on Thursday, the European Securities and Markets Authority said Belgium, France, Italy and Spain were set to bring in the ban, which will vary in detail depending on the country.
News On AIR | August 12, 2011 6:55 PM
Asian markets end mixed